TFS FINANCIAL CORPORATION TFSL Income Statement

Tfs financial corporation (TFSL)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Jun'09
INTEREST AND DIVIDEND INCOME:
Loans, including fees
462,410	461,513	458,779	451,058	441,885	432,818	422,953	415,513	409,256	401,693	394,447	387,716	381,769	377,830	375,624	373,842	372,338	370,641	369,302	367,702	366,338	364,843	363,409	362,341	363,856	368,552	376,840	387,683	397,427	404,882	409,400	412,071	413,773	413,471	413,464	409,203	409,260	411,629	415,477	426,576	0	0	0
Investment securities available for sale
12,257	12,840	13,100	12,902	12,404	11,669	11,134	10,707	10,338	9,777	9,041	8,556	8,408	8,772	9,390	9,657	9,501	9,487	9,571	9,803	9,910	9,667	9,212	8,219	7,154	5,928	4,941	4,834	4,117	3,071	1,995	655	155	166	240	331	438	547	549	592	0	0	0
Investment securities held to maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,245	6,699	8,597	9,852	11,455	13,408	15,211	17,310	19,046	21,013	0	0	0
Other interest and dividend earning assets
8,267	9,498	10,208	10,332	10,078	9,617	8,958	8,284	7,513	6,540	5,507	4,618	3,985	3,622	3,427	3,492	3,831	4,044	4,604	4,114	3,455	2,891	2,063	2,105	2,103	2,123	2,191	2,185	2,206	2,242	2,213	2,186	2,147	2,098	2,334	2,828	2,965	3,043	2,819	2,270	0	0	0
Total interest and dividend income
482,934	483,851	482,087	474,292	464,367	454,104	443,045	434,504	427,107	418,010	408,995	400,890	394,162	390,224	388,441	386,991	385,670	384,172	383,477	381,619	379,703	377,401	374,684	372,665	373,113	376,603	383,972	394,702	404,723	412,706	417,853	421,611	424,672	425,587	427,493	425,770	427,874	432,529	437,891	450,451	0	0	0
INTEREST EXPENSE:
Deposits
151,313	148,907	143,353	134,319	123,470	112,023	102,255	95,147	90,668	88,358	87,421	87,875	88,587	89,618	90,000	89,960	90,418	91,489	93,526	95,643	95,852	94,392	93,178	93,628	97,467	103,535	111,408	122,514	133,169	143,529	153,100	159,255	165,274	171,270	177,842	185,070	192,793	200,727	208,462	217,811	0	0	0
Borrowed funds
72,550	73,150	73,313	69,900	66,069	63,316	59,849	57,290	54,373	48,998	42,678	36,601	32,044	29,602	28,026	26,262	24,283	22,051	19,824	17,097	14,689	12,235	10,073	8,257	6,610	5,136	4,011	3,411	3,041	2,809	2,546	2,436	2,297	2,100	2,003	1,925	1,887	1,915	1,923	1,924	0	0	0
Total interest expense
223,863	222,057	216,666	204,219	189,539	175,339	162,104	152,437	145,041	137,356	130,099	124,476	120,631	119,220	118,026	116,222	114,701	113,540	113,350	112,740	110,541	106,627	103,251	101,885	104,077	108,671	115,419	125,925	136,210	146,338	155,646	161,691	167,571	173,370	179,845	186,995	194,680	202,642	210,385	219,735	0	0	0
NET INTEREST INCOME
259,071	261,794	265,421	270,073	274,828	278,765	280,941	282,067	282,066	280,654	278,896	276,414	273,531	271,004	270,415	270,769	270,969	270,632	270,127	268,879	269,162	270,774	271,433	270,780	269,036	267,932	268,553	268,777	268,513	266,368	262,207	259,920	257,101	252,217	247,648	238,775	233,194	229,887	227,506	230,716	0	0	0
Provision for Loan and Lease Losses
-1,000	-11,000	-10,000	-10,000	-10,000	-10,000	-11,000	-16,000	-18,000	-20,000	-17,000	-13,000	-12,000	-7,000	-8,000	-11,000	-8,000	-6,000	-3,000	7,000	11,000	15,000	19,000	19,000	20,000	25,000	37,000	62,000	88,000	105,000	102,000	92,000	83,500	79,000	98,500	114,500	122,000	124,500	106,000	91,000	0	0	0
NET INTEREST INCOME AFTER PROVISION (CREDIT) FOR LOAN LOSSES
260,071	272,794	275,421	280,073	284,828	288,765	291,941	298,067	300,066	300,654	295,896	289,414	285,531	278,004	278,415	281,769	278,969	276,632	273,127	261,879	258,162	255,774	252,433	251,780	249,036	242,932	231,553	206,777	180,513	161,368	160,207	167,920	173,601	173,217	149,148	124,275	111,194	105,387	121,506	139,716	0	0	0
NON-INTEREST INCOME:
Mortgage servicing assets recovery
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Gain (Loss) on Sales of Loans, Net
7,370	4,683	1,869	1,416	3,402	3,016	3,383	3,783	1,513	1,778	2,183	3,057	4,632	6,219	6,161	5,758	5,419	4,646	4,519	3,823	3,001	2,390	2,031	1,555	4,860	5,584	8,267	8,945	4,967	3,710	688	0	0	0	-	-	-	-	25,303	34,878	0	0	0
Increase in and death benefits from bank owned life insurance contracts
7,296	6,709	6,695	6,681	6,516	6,151	6,158	6,184	6,349	6,399	6,449	6,479	6,388	6,670	7,409	8,028	8,008	7,766	7,324	6,725	6,743	6,727	6,439	6,477	6,478	6,472	6,464	6,448	6,444	6,477	6,484	6,510	6,524	6,493	6,521	6,511	6,513	6,523	6,491	6,466	0	0	0
Income on private equity investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	669	1,088	0	0	0
Other
9,081	8,638	4,582	4,193	4,235	4,692	4,502	4,499	4,521	4,268	4,321	4,150	3,955	4,084	3,959	4,030	4,175	4,229	4,445	4,678	4,671	4,523	4,164	4,212	4,235	4,336	4,816	4,810	5,460	5,851	5,818	6,204	6,328	7,081	8,356	7,971	7,466	6,637	5,550	5,997	0	0	0
Total non-interest income
31,759	27,718	20,464	19,550	21,658	21,368	21,536	21,776	19,389	19,325	19,849	20,748	22,052	24,203	24,952	25,214	25,232	24,424	24,260	23,552	23,136	22,775	21,900	21,613	24,727	25,299	28,468	29,209	26,696	27,001	24,463	25,568	28,016	29,872	30,982	30,673	50,442	53,824	58,638	73,337	0	0	0
NON-INTEREST EXPENSE:
Salaries and employee benefits
105,576	104,512	103,991	102,472	103,522	103,427	101,316	99,961	96,232	94,120	94,622	93,675	93,260	94,369	95,562	97,749	97,771	97,021	95,638	93,899	92,795	91,816	90,333	89,495	89,451	87,950	86,471	84,660	81,106	80,331	80,113	78,829	80,148	78,914	76,014	77,030	79,559	80,229	83,915	84,209	0	0	0
Marketing services
16,338	19,028	19,364	20,493	19,714	19,011	19,252	21,542	21,441	20,216	19,713	18,314	17,630	17,170	16,956	15,670	18,371	19,725	19,904	21,536	17,828	15,503	14,256	13,617	13,344	13,111	12,983	12,140	11,297	10,547	9,799	8,569	8,295	8,021	7,745	7,378	6,196	6,119	6,043	5,871	0	0	0
Office property, equipment and software
26,165	25,892	26,432	26,436	26,765	27,232	26,897	27,076	25,926	25,309	24,531	24,205	24,144	23,972	23,862	23,158	22,699	22,418	22,048	21,696	21,473	21,098	20,694	21,205	20,967	20,977	21,009	20,344	20,732	20,512	20,489	20,554	20,148	19,962	20,074	19,701	19,761	20,236	20,379	21,315	0	0	0
Federal insurance premium and assessments
10,683	10,285	10,432	10,468	10,599	11,237	11,189	11,114	10,845	10,501	10,055	9,628	9,490	9,820	10,377	10,996	11,609	11,503	11,135	10,770	10,166	9,825	9,911	10,680	11,156	11,852	13,019	13,350	13,862	14,131	14,294	15,704	15,073	17,408	19,516	20,727	22,207	20,674	18,898	22,533	0	0	0
State franchise tax
4,819	4,910	5,040	4,998	4,909	4,911	4,775	4,832	4,974	5,007	5,235	5,316	5,238	5,365	5,459	5,646	5,855	5,959	5,914	5,987	6,036	6,219	6,503	6,567	6,633	6,651	6,627	6,638	6,746	6,713	6,039	5,356	5,143	4,855	4,805	4,719	4,589	4,499	4,602	4,920	0	0	0
Real estate owned expense, net
-	-	-	-	-	-	-	-	-	-	-	2,328	3,778	4,662	5,772	8,417	8,244	9,166	9,705	9,357	9,719	10,092	9,337	8,924	8,996	7,504	6,724	11,197	11,534	11,690	8,190	15,728	11,310	7,651	8,061	-7,203	-6,589	-5,529	-5,339	-5,624	0	0	0
Appraisal and other loan review expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,169	3,852	4,265	5,601	5,065	0	0	-	0	-	-	-
Other expenses
28,263	28,386	28,414	29,128	30,047	28,699	28,884	31,803	29,774	28,816	28,248	23,813	24,046	23,275	23,016	22,685	22,615	23,860	23,648	24,213	24,471	24,037	24,442	23,782	27,140	29,940	30,827	37,362	34,568	32,849	32,134	27,358	26,120	25,694	26,239	25,484	25,317	23,866	21,457	21,305	0	0	0
Total non-interest expense
191,844	193,013	193,673	193,995	195,556	194,517	192,313	194,072	187,312	182,918	182,404	177,279	177,586	178,633	181,004	184,321	187,164	189,652	187,992	187,458	182,488	178,590	175,476	174,270	177,687	177,985	177,660	178,546	173,022	171,113	171,058	168,125	166,935	167,590	168,055	168,291	169,420	164,778	161,933	165,935	0	0	0
INCOME BEFORE INCOME TAXES
99,986	107,499	102,212	105,628	110,930	115,616	121,164	125,771	132,143	137,061	133,341	132,883	129,997	123,574	122,363	122,662	117,037	111,404	109,395	97,973	98,810	99,959	98,857	99,123	96,076	90,246	82,361	57,440	34,187	17,256	13,612	25,363	34,682	35,499	12,075	-13,343	-7,784	-5,567	18,211	47,118	0	0	0
Income Tax Expense (Benefit)
17,313	21,953	21,975	25,303	27,987	29,489	35,757	38,951	43,410	48,181	44,464	44,218	43,500	41,262	41,810	41,892	39,629	37,606	36,804	32,554	33,018	33,448	32,966	33,314	31,651	29,416	26,402	16,144	8,246	3,083	2,133	6,511	10,737	10,352	2,735	-3,457	-2,150	-631	6,873	14,997	0	0	0
Net Income (Loss) Attributable to Parent
82,673	85,546	80,237	80,325	82,943	86,127	85,407	86,820	88,733	88,880	88,877	88,665	86,497	82,312	80,553	80,770	77,408	73,798	72,591	65,419	65,792	66,511	65,891	65,809	64,425	60,830	55,959	41,296	25,941	14,173	11,479	18,852	23,945	25,147	9,340	-9,886	-5,634	-4,936	11,338	32,121	0	0	0
Earnings per share—basic and diluted
0.06	0.09	-	0.06	0.07	0.07	-	0.07	0.08	0.07	-	0.08	0.08	0.07	-	0.07	0.07	0.06	0.08	0.06	0.05	0.06	0.06	0.06	0.05	0.05	0.05	0.05	0.04	0.04	0.01	0.00	0.00	0.03	0.02	0.02	0.01	-0.02	-0.03	0.03	0.01	0.03	0.03
Weighted average shares outstanding
Weighted Average Number of Shares Outstanding, Basic
275,835	275,578	275,462	275,384	275,359	275,376	275,419	275,468	275,656	275,816	276,083	277,056	277,787	277,925	279,302	280,815	282,314	283,834	286,015	288,553	291,377	293,797	296,318	298,681	300,261	300,634	302,086	301,913	301,753	301,576	301,434	301,274	301,153	301,044	300,728	300,347	300,215	300,140	300,004	299,826	299,693	299,658	300,245
Weighted Average Number of Shares Outstanding, Diluted
278,101	277,888	277,682	277,398	277,343	277,073	277,112	277,200	277,256	277,624	277,904	278,986	279,911	280,272	281,304	283,011	284,486	286,340	288,610	290,759	293,342	296,128	298,295	300,533	301,529	301,868	303,164	302,926	302,651	302,244	302,021	301,936	301,706	301,416	301,633	301,147	300,957	300,140	300,004	300,557	300,299	300,150	300,638
Banking
Fees and service charges, net of amortization
8,012	7,688	7,318	7,260	7,505	7,509	7,493	7,310	7,006	6,880	6,896	7,062	7,077	7,230	7,423	7,398	7,630	7,783	7,972	8,326	8,721	9,135	9,266	9,369	9,154	8,907	8,921	9,006	9,825	10,963	11,473	13,127	14,674	15,808	15,615	15,512	16,631	17,775	20,625	20,891	0	0	0